About Punjab & Sind Bank

Punjab & Sind Bank was constituted in 1908 and is headquartered at New Delhi. The bank has more than 800 branches across the country and recruits around 10,000 employees which are involved with the banking services and customer care. The bank provides distinctive banking services along with innovative banking methods such as the Internet and phone banking, international banking, hire-purchase, leasing and credit cards.

The bank became nationalized in 1980 along with six other banks by the Government of India. The banks stem its roots in Chandigarh with the presence of its some branches.

The city is involved with the occupations in trade and business through their existence of four substantial trade promotion organizations. It is due to the financial influx made by Punjab & Sind Bank Chandigarh which has contributed immensely to the prosperity of the city. The city is rated as the “Wealthiest Town” of India because of the establishment of prominent IT enabled industries, leading to the development of the Rajiv Gandhi Chandigarh Technology Park which is a home to big players like Infosys, Net Solutions, IBM Daksh, and FCS Software Solutions Ltd and much more. Hence, the industrial development of the sector has given a maximum upliftment to the Chandigarh economy.

Branch Addresses of Punjab & Sind Bank Chandigarh

Branch Name

Complete Address

IFSC

MICR

Contact Number

Chandigarh Sector17 - C

Sector 17 - C Chandigarh

PSIB0000032

160023006

0172-702970/713698

Chandigarh Sector 34

S.C.O.371 - 373 Sector - 34a, Chandigarh - 160022

PSIB0000242

160023010

0172-790896/791441

Chandigarh Industrial Area

4 - 5 M.W.Market Industrial Area Phase - I Chandigarh - 160002

PSIB0000245

160023010

0172-650173

Chandigarh Sector 11

1101, Sector - 11c, Chandigarh

PSIB0000333

160023004

0172-746881/744862

Chandigarh Sector 26

S.C.O.62 Sector - 26, Chandigarh - 160019

PSIB0000372

160023004

0172-790896/791441

Chandigarh Sector - 47

S.C.O. 64 - 65 Sector - 47 Chandigarh - 160047

PSIB0000409

160023012

0172-630635

Chandigarh Sector 22 - B

Sector 22b Chandigarh

PSIB0000415

160023007

0172-705359/714036

Chandigarh Sector 17 - B

Sector 17 - B Chandigarh

PSIB0000600

160023005

0172-704082/707757

Chandigarh Sector 46

S.C.O. 76 Sector - 46 C Chandigarh - 160047

PSIB0000684

160023011

0172-609597

Industrial Finance Branch

Bank Square, Sector - 17b, Chandigarh - 160017

PSIB0000689

160023002

0172-715092, 700776

Mohali Phase 10 Chandigarh

Phase - 10, Mohali 160017

PSIB0000746

160023028

0172-214296

Products Offered by Punjab & Sind Bank Chandigarh

Product

Eligibility

Loan Amount

Interest Rate

Processing Fee

Tenure

Home Loan

(I) Individuals, Group of individuals, and individual members of housing societies are eligible under the scheme

(ii) Minimum age limit should be 18 years Maximum age limit should be subject to maximum age for repayment period

Upto ₹ 75 lakhs and above

8.50% - 8.75%

One time :Loans upto ₹ 25 Lac - 0.15% of the loan amount, subject to minimum of ₹ 1000/- and maximum of₹ 3750/-

ii)Pension Class: Pensioners having their pension account with our Bank.

For Salaried Class:

Up-to 18 times monthly net salary/1.5 times of Net Annual Income or ₹ 3 lacs, whichever is lessFor Pensioner:(a) Pensioners upto the age of 65 years - Up-to 15 times monthly net pension or ₹ 3lacs, whichever is less

b) For Pensioners above the age of 65 years and upto the age of 70 years - Up-to 10 times monthly net pension or ₹ 1 Lac, whichever is less

12.50% - 13.75%

One-Time:1.0% of the loan amount.

Upto 5 years

Car Loan

Individuals, proprietorship/partnership firm/ Limited company, trust, society, associations owning and operating or proposing to own and operate transport vehicles for carrying passengers or goods on hire.

The borrower/borrowers hold the necessary driving license or engage driver possessing valid license to operate the type of vehicle for which credit is sought.

The borrower/borrowers should submit proof for permanent residential address.

The borrower/borrowers should have been granted a permit by an appropriate authority to ply vehicle for passengers or goods traffic for hire.

The borrower should have sufficient net worth to pay for the margin and initial recurring expenses like registration, Insurance, etc. In case where the borrower does not meet this requirement, a co-borrower having sufficient net worth may be included.

Any one of the borrower or guarantor should have minimum two years experience in relevant transport business

For new business entities: - Maximum ₹ 50.00 lac

For existing business entities: - Maximum ₹ 2.00 crore (Loans above ₹ 2.00 crore may be considered out of this policy and may be considered as per the guidelines vide loan policy of the Bank.)

8.65% - 11.40%

One time:1.00% of the loan amount(Refund of entire Processing fee is available at the time of final payment provided borrower makes timely repayment of installments).

Proof of Income: Latest salary slip with form 16 / Audited balance sheet, Profit & Loss Account for latest two years/ Have a minimum turnover of ₹ 4,50,000 per annum / Audited balance sheet, Profit & Loss Account for latest two years and the latest 2 years IT returns of the company / Latest ITR

Copy of the Trust Deed Copy of the registration certificate Copy of the Resolution of the Trustees authorizing the members concerned to open and operate the account Photographs of the members operating the accountAssociations/Clubs

By-laws of the Association Copy of the Resolution by the board authorizing the members concerned to open and operate the account Photographs of the members operating the account

Partnership FirmPartnership Deed Letter from partners approving the persons concerned to open and operate the account Photographs of the persons operating the account

Public or Private Limited CompaniesBoard Resolution / Authority LetterMemorandum & Articles of AssociationCertificate of IncorporationCertificate of Commencement of Business (Public Limited Company)Form 32 in case list of directors are not original subscribers to Memorandum & Articles of Association (in case of Private Limited Cos) Duly acknowledged by ROCGoverning Act / Rules and Regulations(PSUs) (certified true copy)

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